World Economy

Nigeria’s National Bureau of Statistics says the consumer price index, which measured inflation for July dropped to 11.14% year-on-year from 11. 23% recorded in June, NAN reported. The NBS…

Bread shortages have hit Sudan, with wheat traders blaming a foreign currency crisis for shortages of the staple that have left people queuing for hours outside bakeries, Reuters reported. Sudan…

Turkey has raised tariffs on some US imports, including passenger cars and tobacco, the country's Official Gazette said on Wednesday.

South Korea President Moon Jae-in on Wednesday offered a bold vision for economic cooperation with North Korea, including joint economic zones along the countries’ border and a linked rail…

China says it is challenging a US tariff hike on solar panels before the World Trade Organization, adding to its sprawling conflicts with President Donald Trump over trade and technology, AP…

The Dutch economy continues to grow strongly and economic growth is even accelerating, according to Statistics Netherlands. In the second quarter the Dutch economy grew by 0.7% compared to the…

The World Bank’s International Finance Corporation said on Tuesday it is keen to provide more than the pledged amount of $2 billion in financing to the Egyptian private sector by 2019, targeted…

Cyclical indicators point to slower and more uneven growth in the global economy for the rest of this year and into 2019, which means the rise in oil consumption is likely to moderate,…

New Zealand’s parliament passed a law on Wednesday to ban many non-resident foreigners from buying existing homes, completing the Labor-led government’s election campaign pledge.

Eurozone growth was better than expected in the second quarter, flash estimates showed late Tuesday, in a sign that the negative effects of global trade tensions might be seen only later in the…

The Philippine economy in 2018 is a story that can be summed up in a few words: Surging inflation is marring growth.

Scotland’s economy performed better than previously thought at the start of the year, according to official figures.

The country’s chief statistician said the economy was now estimated…

Lebanon’s economy has been in a precarious position in recent years. Labeled as the country with the 3rd highest debt-to-GDP deficit in the world early in the year by the International Monetary…

Italian economist Claudio Borio is considered an authority in the areas of monetary policy, banking, finance and financial stability.

Borio heads the Monetary and Economic Department at…

The outlook for Hong Kong’s economy is darkening as rising interest rates are set to slam the city’s property market, while the escalating China-US trade war also poses a danger.

Growth…

Sweden’s economic prospects have dimmed in recent months and the country will likely be surpassed by Norway as the fastest-growing Scandinavian economy in 2019, a Reuters poll found on Tuesday…

The Finnish economy remained robust in the spring and early summer, but there was a hint of slowing in June in data released Tuesday by Statistics Finland. The figures indicate that Finland’s…

Bitcoin touched below $6,000 and dozens of smaller digital tokens retreated as this month’s sell-off in cryptocurrencies showed few signs of letting up.

China’s economy hit a mid-year rough patch as efforts to curb risky lending and excessive debt collided with a deepening trade war, adding to concerns about global growth.

Unfazed by a mounting number of uncertainties, Europe’s largest economy has logged better-than-expected growth in the second quarter. Experts said the expansion was mainly driven by domestic…

Saudi Arabia’s non-oil sector activity cooled off in July, following a small growth in the previous month due to a build-up in the backlog of projects, according to a new survey of companies.…

The trade war between the US and China risks substantially disrupting the international financial system, Princeton University economist Nobuhiro Kiyotaki says, cautioning that the repercussions…

Turkey will never make concessions regarding the free market economy, President Recep Tayyip Erdogan has said amid fluctuations in the Turkish lira’s value against the US dollar, describing the…

Hungarian GDP increased by 4.6% year-on-year in 2Q18 according to the preliminary release of the Hungarian Central Statistical Office, ING reported. This counts as a significant upside surprise…

A growing number of retirees in the US are filing for bankruptcy in an attempt to halt some of their monthly payments as pensions have largely declined, savings have shrunk and bills have piled…